Intellectual property as a key to internationalisation

Intellectual property rights are important intangible assets for any enterprise. Numerous studies have shown that patent applications increase the valuation of companies. A recent study further demonstrates that granted patents are especially important for early stage technology-oriented start-ups. Start-ups can employ efficient and cost-effective strategies for obtaining granted patents across multiple jurisdictions. By doing so, their valuation can increase quickly. When possible, management of science parks and areas of innovation should consider establishing IP Centres, or increasing the available services of existing IP Centres, to assist their member companies with intellectual property-related activities.